Palm Springs Real Estate News
Palm Springs
Southwest Florida Housing Markets Hit by Hurricane Ian Bouncing Back
According to national property broker Redfin, listings of homes for sale in the several Southwest Florida cities like the Cape Coral-Fort Myers metropolitan area have recovered after plunging in the wake of Hurricane Ian last fall, and sales have begun to bounce back.
$8.1 Billion of Florida Mortgage Transactions at Risk Post Hurricane Ian
Based on new research by CoreLogic, more than 22,282 pending mortgage transactions currently in progress in Florida's 20 affected counties are in jeopardy from storm surge and flooding caused by the recent hurricane, Ian. Nearly 14,000 are purchase transactions where the state's average home sales price is $452,000 (as of June 2022).
$17 Trillion Worth of U.S. Homes Experienced Intense Drought in August
According to national property broker Redfin, about three-quarters of U.S. metropolitan areas, where more than half of homes experienced intense drought in August 2022, have seen more people move in than out in recent months.
California Home Sales Slide 20 Percent Annually in June
According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022.
